KUALA LUMPUR, May 25 ― Bursa Malaysia is anticipated to fluctuate from 1,610 to 1,635 next week, with any retracement likely to find support at the 1,590-1,600 level. Rakuten...
On a Friday-to-Friday basis, the FBM KLCI gained 2.78 points to 1,619.40 from last week’s 1,616.62. — Picture by Zuraneeza ZulkifliKUALA LUMPUR, May 25 ― Bursa Malaysia is anticipated to fluctuate from 1,610 to 1,635 next week, with any retracement likely to find support at the 1,590-1,600 level.
On Monday, shares on Bursa Malaysia broke through the 1,620-point resistance level at 1,627.50 as funds poured in, lifting the key index to its highest since March 2021.In a recent post on X, the stock exchange said Bursa Malaysia’s overall market capitalisation and barometer index traded at a year-to-date high following optimism arising from the better-than-expected domestic economic performance for the first quarter.
Sector-wise, the Financial Services Index was 43.38 points higher to 17,688.99, the Industrial Products and Services Index inched up 1.83 points to 196.65, the Energy Index gained 15.58 points to 1,001.53, while the Plantation Index fell 84.40 points to 7,302.3.
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